New investors could trigger a drop in electricity costs Kampala, Uganda | ISAAC KHISA | Uganda’s planned commissioning of the multi-million dollar Isimba and Karuma Hydropower projects on the downstream of River Nile is expected to put government on the spot as sector players expect electricity tariffs to reduce. The …
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Kampala, Uganda | THE INDEPENDENT | Total Uganda on March 01 awarded Shs 150million to the top three winners of the Startupper of the Year by Total Challenge, as seed capital to kick-start and fund their business ideas. The winners include Arnold Mugaga, whose innovative idea is to address …
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Enwealth Financial Services manage assets worth Shs2trillion in Africa Kampala, Uganda | JULIUS BUSINGE | A new pension administrator, Enwealth Financial Services, has entered Uganda’s pension market upon securing an operation license from the regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The firm that joins nine other pension administrators in …
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It remains unclear on how much consumers will pay for the electricity generated even as UEGCL plans to sell electricity to the national grid at US4 cents per unit Kampala, Uganda | ISAAC KHISA | The multi-billion dollar Community Development Action Plan at Isimba Hydropower Project has started, clearing the …
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Kampala, Uganda | THE INDEPENDENT | Trinity Bus Company has resumed service across the Uganda-Rwanda border, but are struggling due to new restrictions. A Trinity Bus official told our reporter on condition of anonymity that they were allowed by security and Rwanda Revenue Authority officials to cross from Rwanda to …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has warned that goods on stuck trucks at the border could be lost, while others pose a danger. Many of the trucks are carrying perishable goods such as mangoes and cassava and others were carrying petroleum products. Ten Rwanda registered trucks, 47 …
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Kampala, Uganda | JULIUS BUSINGE | Twenty members of KCB Bank Uganda’s Business Club at the weekend flew to Tokyo, Japan as part of the bank’s annual entrepreneurial drive. In Japan, the members will meet possible suppliers and marketers for their goods and services and also see cheaper technologies that …
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Kampala, Uganda | THE INDEPENDENT | Registration for the 2019 Annual Meetings of the African Export-Import Bank (Afreximbank), which will be held in Moscow, has opened, according to information released today by the Bank. Afreximbank announced in Cairo that intending participants for the meetings, dubbed AAM2019, could register by visiting …
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Good 2018 results amidst tough operational environment Kampala, Uganda | JULIUS BUSINGE | British American Tobacco Uganda Limited (BAT) has recorded an increase in profit after tax of Shs1.6bn to Shs13.7bn for the year ended December 2018 amidst the operational environment that the company’s top management described as ‘tough’. Financial …
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New initiative expected to drive the company’s revenue growth Kampala, Uganda | ISAAC KHISA | Airtel Uganda has unveiled a fourth generation (4G) internet services, stepping up the battle for customers in country’s telecommunication market. MTN Uganda and Africell unveiled their 4G services in 2015 and 2016 respectively, with the …
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